OFF MARKET

392 Lake Road
Newmerella VIC 3886

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 196m2
Land area: 86700m2
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Last updated 28 Oct 2024
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Property Details for 392 Lake Rd, Newmerella

392 Lake Rd, Newmerella is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2003. The property has a land size of 86700m2 and floor size of 196m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
House
Year Built
2003
Floor Size
196m2
Land Size
86700m2
Local Government
East Gippsland
Lot/Plan
2/PS603388

Last Listing description (February 2024)

Spectacular 21 acre (approx.) Waterfront property overlooking the Snowy River Estuary, Marlo township and the ocean. This architecturally designed four bedroom home is surrounded by one acre of lovely cottage/native style gardens and boasts cathedral ceilings, glossy timber floors, wood fire and huge windows framing the panorama of lake, ocean and natural bush views.

This home has a unique relaxed country-style feel which is sure to regenerate and inspire. Featuring a spacious open plan living area and an impressive entertainers' kitchen with water views and direct access to the deck. Each bedroom has either a view of the water or a garden view, including a spacious parent retreat/second living area with ensuite upstairs.

There are two separate paddocks at the front with a water tank to service troughs and a huge paddock at the rear which leads you right down to the water. Ample shedding and storage , cattle yard and a chook pen to collect your freshly laid eggs in the mornings.

Enjoy being amidst the many species of bird and animal life which co-habit the property including kangaroos, wallabies, wombats, sea and wedge-tailed eagles and a variety of other birdlife.

Sample fruit from the 45 fruit and citrus trees when in season. Experience swimming in the beautiful rainforested section of the Snowy river or launch your boat from the ramp, two minutes' drive down the road from the property. Only a short 10 Minute drive to the local township of Orbost or 40 minutes to Lakes Entrance

Currently rented through Airbnb with an annual gross return of $50,000 approx.

Contact Exclusive selling agents LJ Hooker Lakes Entrance today on 5155 6777

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Property History for 392 Lake Rd, Newmerella, VIC 3886

A timeline of how this property has performed in the market
Last Sold
$900,000
17 Aug 2021
  • 17 Aug 2021
    Sold for $900,000
  • 30 Jun 2020
    Listed for Sale $895,000

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About Newmerella 3886

The size of Newmerella is approximately 55.2 square kilometres. It has 3 parks covering nearly 78% of total area. The population of Newmerella in 2011 was 440 people. By 2016 the population was 388 showing a population decline of 11.8% in the area during that time. The predominant age group in Newmerella is 60-69 years. Households in Newmerella are primarily childless couples and are likely to be repaying not stated per month on mortgage repayments. In general, people in Newmerella work in a managers occupation. In 2011, 86.8% of the homes in Newmerella were owner-occupied compared with 86.2% in 2016.

Newmerella has 269 properties. Over the last 5 years, Houses in Newmerella have seen a 79.86% increase in median value, while Units have seen a 2.56% increase. As at 30 September 2024:

  • The median value for Houses in Newmerella is $471,105 while the median value for Units is $452,406.
There are currently 1 property listed for sale, and no properties listed for rent in Newmerella on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Newmerella.

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